Argentina

Argentina has taken measures in order to prevent money laundering and financing of terrorism. The Financial Information Unit, Argentina, has been issuing new regulations to strengthen the AML requirements applicable to Banks, NBFIs, etc. Regarding payments, the Central Bank has also issued regulations requiring banks to include certain customer-related information when sending international wire payments and to control the existence of this information for incoming international wire payments.

For those international wires received, banks in Argentina are required to verify that this information is received. Banks are required to have controls to detect wires that do not contain this information and these should remain "pending" until the information is received. If the information is not received within 20 business days, wires should be returned.

When sending Argentinean peso (ARS) transactions to Argentina supporting documentation may be requested from the beneficiary before funds will be released. The beneficiary email address must be included in the format noted below to ensure there are no delays in contacting the beneficiary.

Code

SWIFT MT103

Fedwire

ACCESS

Beneficiary email

Field 72/INT/John.Smith AT gmail.com

Field 6000 or Field 6500/INT/John.Smith AT gmail.com

Sender to Receiver (ANG)/INT/John.Smith AT gmail.com

NOTE: SWIFT and other channels used for these payments do not support the "@" symbol. Please replace "@" with "AT" (include a blank space before and after the letters "AT") for efficient processing.

The following beneficiary banks are supported for payments in Argentine pesos (ARS).